BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Can be possible
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Detailed explanation-1: -Differentiation leadership strategy. This is a killer strategy that allows brands to stand out among competitors. It requires identifying a unique quality that makes a company different. With this strategy, businesses become superior to their rivals on the market, which allows them to charge more for their products.
Detailed explanation-2: -Having a competitive strategy is most important when a company has a competitive marketplace and several similar products are available for consumers. This strategy helps you create a defensive position in your industry, along with generating a superior return on investment.
Detailed explanation-3: -A company or product or service can certainly survive without strategy, but it will never thrive.